Lear(US:LEA)2020-10-30 18:25Financial Performance - The company delivered strong financial results, with both business segments reporting margins in the high-7% range[6] - Q3 2020 net sales increased to $4900 million from $4825 million in Q3 2019[18] - Q3 2020 free cash flow was $474 million, compared to $193 million in Q3 2019[18] - The company fully repaid $1000 million draw on revolver[23] Business Segments - Seating adjusted margins were 78% in Q3 2020[20] - E-Systems sales increased to $1209 million in Q3 2020 from $1110 million in Q3 2019[21] - E-Systems adjusted margins were 77% in Q3 2020[21] - E-Systems electrification sales outlook projects approximately $1000 million in sales by 2025[15] Market and Production - Global vehicle production decreased by 4% year-over-year in Q3 2020[16] - The company's E-Systems growth exceeded market growth by 12%[6] Outlook - The company anticipates full year 2020 net sales between $1635 billion and $1665 billion[29]